American International Group Inc. purchased a new position in shares of Burlington Stores Inc (NYSE:BURL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,555 shares of the company’s stock, valued at approximately $191,000.
A number of other hedge funds have also recently modified their holdings of BURL. FNY Managed Accounts LLC purchased a new position in shares of Burlington Stores in the third quarter worth about $114,000. Daiwa Securities Group Inc. purchased a new position in shares of Burlington Stores in the third quarter worth about $143,000. The Manufacturers Life Insurance Company increased its holdings in shares of Burlington Stores by 10.3% in the second quarter. The Manufacturers Life Insurance Company now owns 2,257 shares of the company’s stock worth $208,000 after buying an additional 210 shares during the period. OLD National Bancorp IN purchased a new position in shares of Burlington Stores in the fourth quarter worth about $225,000. Finally, Vident Investment Advisory LLC purchased a new position in shares of Burlington Stores in the third quarter worth about $230,000.
Burlington Stores Inc (NYSE:BURL) opened at $127.09 on Wednesday. Burlington Stores Inc has a twelve month low of $79.07 and a twelve month high of $128.93. The company has a current ratio of 1.02, a quick ratio of 0.22 and a debt-to-equity ratio of -11.71. The firm has a market capitalization of $8,500.00, a P/E ratio of 23.07, a price-to-earnings-growth ratio of 1.22 and a beta of 0.48.
Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, March 8th. The company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.08. Burlington Stores had a negative return on equity of 367.54% and a net margin of 6.31%. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the prior year, the business earned $1.78 EPS. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. sell-side analysts expect that Burlington Stores Inc will post 5.65 earnings per share for the current fiscal year.
In other Burlington Stores news, insider Joyce Manning Magrini sold 2,400 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $122.98, for a total transaction of $295,152.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Thomas Kingsbury sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $117.91, for a total value of $2,358,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 44,800 shares of company stock worth $5,377,336 in the last quarter. Company insiders own 2.60% of the company’s stock.
A number of brokerages recently issued reports on BURL. BMO Capital Markets restated an “outperform” rating on shares of Burlington Stores in a report on Friday, March 9th. Citigroup began coverage on Burlington Stores in a report on Sunday. They set a “buy” rating and a $57.00 price target on the stock. Wolfe Research restated an “outperform” rating and set a $146.00 price target (up previously from $139.00) on shares of Burlington Stores in a report on Friday, March 9th. MKM Partners set a $150.00 price target on Burlington Stores and gave the company a “buy” rating in a report on Monday. Finally, Buckingham Research restated a “buy” rating and set a $150.00 price target (up previously from $143.00) on shares of Burlington Stores in a report on Friday, March 9th. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. Burlington Stores has a consensus rating of “Buy” and a consensus target price of $129.43.
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Burlington Stores Company Profile
Burlington Stores, Inc is a retailer of branded apparel. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Its product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.
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